America's Lawyer [04]: Ralph Nader Exposes the Corporate Lies Behind Tort Reform

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America's Lawyer [04]: Ralph Nader Exposes the Corporate Lies Behind Tort Reform



On this episode of America’s Lawyer, attorney Mike Papantonio exposes Santander Bank for defrauding investors in Puerto Rico through a massive municipal bond scheme. Mike then speaks with attorney, Peter Mougey, about how Santander was able to pull off this scam and why no one was sent to prison as a result. Mike then talks to consumer advocate and attorney, Ralph Nader, about some of the biggest myths regarding tort reform and how corporations are trying to make access to the courtroom more difficult for the average citizen. America’s Lawyer wraps up the show by highlighting a $100 million settlement between students and for-profit college Devry University for lying to students about their future career prospects.

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21 Comments

21 Comments

  1. Drew Hunkins

    March 16, 2019 at 9:14 pm

    Nader's segment starts at the 15:15 mark.

  2. Patricia Branigan

    March 16, 2019 at 9:14 pm

    People do not understand that bankers have no fiduciary responsibility to their customers. they are just profit driven .So they can sell you anything but are not supposed to lie because that is fraud but since the Great Recession allowed the bankers to get away with fraud precedence has been set that they can lie to you and as they have not prosecuted anyone and will not prosecute anyone they can lie to you and they get a slap on the wrist and you are ruined. It is why I will not talk to financial advisers as you cannot trust any of them because there is no way to know who is honest and who is not. Madoff fooled people for over 20 years then got prosecuted but Goldman Sacs invested their customers' money in junk then bet against their own customers and no consequences at all and in fact were handsomely remunerated for their fraud.

  3. Patrice Ortovent

    March 16, 2019 at 9:14 pm

    Corporate lawyers, professional hit men. Interesting to know who you’re dealing with when acting against corporations. The forteresse of capital has an army to protect itself and the walls of their forteresse is at least two metres thick. Needs to dig underground galleries to reach the heart of the beast.

  4. boeingdriver29

    March 16, 2019 at 9:14 pm

    When are they going to start jailing these fucking banksters? We the public should DEMAND it !!!

  5. Australican

    March 16, 2019 at 9:14 pm

    Everything that Wall Street touches turns to shit….

  6. Big G Haywood

    March 16, 2019 at 9:14 pm

    Love the little disclaimer they have to put at the top – no shit Sherlock, American corporate media needs a similar disclaimer.

  7. Frank STEIN

    March 16, 2019 at 9:14 pm

    LOVE YOU RALPH NADER.  YOUR PROFILE SHOULD BE ON MOUNT RUSHMORE!!!!!!

  8. Frank STEIN

    March 16, 2019 at 9:14 pm

    HEY, HOW ABOUT SUBSTITUTING A MONETARY PAYOUT WITH BRANDING THE CEO'S WITH THE NUMBERS 6666 ON THEIR FOREHEADS?

  9. Frank STEIN

    March 16, 2019 at 9:14 pm

    MY CITES BELOW ARE POLITICAL BUT THE LAW AND THE CONDUCT OF JUDGES IS ALWAYS POLITICAL.  WHICH RAISED, YET, ANOTHER IDEA OF A SHOW–OR PERHAPS AND RT DOCUMENTARY–ON THE VERY SAD HISTORY OF THE AMERICAN JUDICIAL SYSTEM FROM THE COLONIAL DAYS TO PRESENT.

    I THINK AMERICANS NEED TO LEARN THAT THERE WAS NEVER A HALCYON DAY OF INTELLECTUALS EATING LOTUS LEAVES AND DISCUSSING DEMOCRACY.  IN PARTICULAR THIS MANIC-DEPRESSIVE WORLD CREATED BY THE REPUBLICAN PRESIDENT LINCOLN OF HIGH FINANCE AND MANUFACTURING WHICH THE APOLOGISTS CALLED ECONOMISTS CALL THE BOOM AND BUST CYCLE OF CAPITALISM, IS THE WORLD YOU REPORT ON.  WE WERE FOUNDED BY THUGS.  AND EVEN THOUGH FDR PULLED THEIR CHESTNUTS OUT OF THE FIRE HE REALLY DIDN'T DO THE WORKING JOE/MARY ANY BENEFIT.  OR WE WOULD HAVE NO NEED OF LAWYERS.

    I READ ABOUT WASHINGTON ET AL WAGING THE FRENCH AND INDIAN WAR TO CONQUER THE FRENCH COLONY.  EVEN THOUGH THE CROWN SAID THEY WEREN'T STRONG ENOUGH TO WIN; &, THAT THE WAR WITH NAPOLEON WAS TO EXPENSIVE, SO, THEY DIDN'T WANT A COLONIAL WAR.  WELL WASHINGTON ET AL LOST & HAD TO BE RESCUED BY THE CROWN.  WHEN THE OUTRAGED POLITICIANS TAXED WASHINGTON ET AL THEY THROUGH A REVOLUTION WHICH WAS SO UNPOPULAR THAT AT LEAST HALF THE POPULATION FLED.  THEN IN THE DECLARATION OF INDEPENDENCE THEY GAVE THEMSELVES RIGHTS THAT THEY WEREN'T WILLING TO GIVE THE CITIZENRY IN FEDERATION COMPACT AND LATER THE US CONSTITUTION.

    I READ THEODORE DRAPER'S BOOK THE STRUGGLE FOR POWER:  THE AMERICAN REVOLUTION WHICH BROUGHT OUT WHAT A RUTHLESS WORTHLESS BUNCH OF THUGS SETTLED AND GOVERNED THE COLONIES.  READ WHAT ADAM SMITH SAID ABOUT THEM IN WEALTH OF NATIONS.  THE LATER PART OF THE BOOK DEALT WITH THE CORRUPT DEALINGS OF THE JUDICIAL SYSTEM.  IT WAS A LEGAL WAY OF BUYING JUSTICE AND NOT BEING PUNISHED FOR YOUR CRIMES.

    I READ A BOOK WRITTEN BY ARTHUR SCHLESINGER ABOUT THE EVOLUTION OF WORKERS RIGHT AND HOW THE CONSTITUTION NEVER ADDRESSED THAT ISSUE.  

    IN ELIZ. ANDERSON'S BOOK PRIVATE GOVT  SHE WRITES EXTENSIVELY OF THE EMPLOYERS POWER OVER TO THE EMPLOYEE.  TO THE EXTREME THAT THE EMPLOYER COULD PRACTICE MOST OF THE ROMAN PATER FAMILIA LAW ON AN EMPLOYEE.  BACK IN THE GOOD OLE DAYS YOU DIDN'T GET PAID UNTIL THE END OF THE YEAR.  AND IF YOUR EMPLOYER FOUND OUT YOU WERE LOOKING TO A JOB, OR HAD A DISAGREEMENT WITH YOU, OR SIMPLY WANTED TO RIP YOU OFF, HE DIDN'T HAVE TO PAY YOU . . . AT ALL!  THEN YOUR EMPLOYER COULD PAY YOU IN COMPANY SCRIPT WHICH MIGHT BE WORTH NOTHING OR YOU COULDN'T SPEND IT ANY WHERE ELSE EXCEPT RENTING A HOME FROM HIM OR SHOPPING AT HIS STORE.–AND THEY SAY THERE IS NO WHITE SLAVERY.

    __________________________________
    ALLAN NARIN
    https://youtu.be/GYfL7P6Xfg8?t=1628

    ON CONTACT: STRATEGIES OF RESISTANCE WITH MICHAEL GECAN
    https://youtu.be/wodOZ-VZCUE?t=56

     Resistance in the Age of Trump
    https://youtu.be/3DXS0FfxSZs?t=29

    TARIQ ALI: GLOBAL REVOLT AGAINST CORPORATE CAPITALISM AND INEQUALITY
    https://youtu.be/E4Tq9zdp9ZE?t=3

    AGE OF ANGER WITH PANKAJ MISHRA
    https://youtu.be/ClVfqz3DXbw?t=82

  10. Frank STEIN

    March 16, 2019 at 9:14 pm

    BUT ISN'T THE ORIGIN OF TORT LAW ANCIENT ANGLO-SAXON LAW.  THE EARLIEST LAW WAS THE TWO CONFLICTED PARTIES WOULD FIGHT TO THE DEATH WITH THE IDEA THAT THE GODS WOULD ENSURE THE HONEST MAN WON.  THEN IT EVOLVED INTO A SORT OF AN EYE FOR AND EYE.  THEN IT EVOLVED INTO FINANCIAL CONSIDERATION.  SO ATTACKING TORT LAW WOULD BE THE FIRST STEP IN CHALLENGING THE US CONSTITUTION, RIGHT?

  11. Frank STEIN

    March 16, 2019 at 9:14 pm

    LOL    GET RID OF OSHA AND ALL THE REGULATERS AND LET THE INJURED PEOPLE GO INTO THE "FREE MARKET" , IE, A JURY TRIAL AND LET THE PEOPLE DECIDE THE SIZE OF THE COMPENSATON IN A JURY.

  12. Frank STEIN

    March 16, 2019 at 9:14 pm

    I HAVE TO LAUGH ABOUT WHAT PETER SAID ABOUT SANTANDAR DUMPING THEIR MISTAKES ON PR.  THE BANK I CURRENTLY BANK AT WHEN I WENT TO SIGN THE PAPERWORK TRIED TO BULLY ME INTO TAKING ON A MORTGAGE EVEN THOUGH THE HOUSE IS PAID FOR.–THIS IS A PROBLEM THAT I HAVE ENCOUNTERED AT SANTANDAR AND WELLS FARGO, SO, I IMAGINE IT IS EVERY WHERE.  ANY WAY BEFORE CHIRSTMAS AFTER MONTHS OF BEING BARRAGED BY MAILINGS, MY BANK BEGAN SENDING 2-EMAILS A DAY ON HOW THEY WANT TO ADVISE ME ON HOW TO HANDLE MY MONEY.  (I HAVE TO BACK UP, WHEN I INITIALLY TOLD THEM I HAD A 2ND BANK ACCOUNT THEY WENT NUTS SAYING I SHOULD CONSOLIDATE ALL MY MONEY IN THEIR BANK.)  I WAS SO OUTRAGED I RESPONDED I THE BOX AT THE BOTTOM OF THE EMAIL, THE ONE CORPORATIONS DON'T READ.  I SAID, AFTER THE USA TAXPAYER HAD BAILED OUT THE YOUR BANK AND OTHERS TO THE TUNE OF $100 TR, AND YOU PAID YOURSELVES A BONUS WHILE STEALING PEOPLE'S HOMES AND FORECLOSING ON OTHERS, YOU ARE THE LAST CORPORATION ON THIS PLANET THAT SHOULD BE GIVING ME FINANCIAL ADVISE.  I SHOULD THINK YOU WOULD WANT TO COME FOR ME FOR ADVISE INSTEAD.

    I'VE NEVER HEARD AGAIN FROM THE BANK ON THIS MATTER.

  13. Frank STEIN

    March 16, 2019 at 9:14 pm

    SANTANDAR IS A SPANISH BANK.  SPAIN HAD TO BAIL THEM OUT IN 2008.  SPAIN TODAY IS IN FINANCIAL AND SOCIAL CHAOS.  SO THERE IS NOBODY TO BACKUP SANTANDAR.  WON'T THEY SIMPLY GO BANKRUPT.  QUITE FRANKLY I DON'T SEE WHY THE USA TAXPAYER SHOULD BAILOUT A FOREIGN NATIONAL BANK.  AT LEAST PR SHOULD ITS DEBT AND POSSIBLY SUE FOR LOSSES — BUT HOME.

  14. Frank STEIN

    March 16, 2019 at 9:14 pm

    YOU NEED TO DO A SHOW ABOUT 
    (1) WHAT PURPOSE DO COMMERCIAL AND PRIVATE BANKS SERVE TO SOCIETY?
    (2) WHAT PURPOSE DOES A CORPORATION SERVE TO SOCIETY?
    (3) WHAT WOULD HAPPEN IF WE MADE PROFIT SEEKING UNCONSTITUTIONAL?

  15. Frank STEIN

    March 16, 2019 at 9:14 pm

    I'M GLAD I DON'T BANK AT SANTANDAR ANY MORE.  THE MEN THAT CREATE THE FRAUD DON'T PAY THE FINES.

  16. Stephen Shuttleworth

    March 16, 2019 at 9:14 pm

    Ralph Nader is the Best President we never elected. I kept voting for him, to no avail.

  17. Rick Cutcliffe

    March 16, 2019 at 9:14 pm

    Hat Tip ! 🎩
    …………..😎

  18. Jodi Wright

    March 16, 2019 at 9:14 pm

    Enron

  19. Carl Moore

    March 16, 2019 at 9:14 pm

    real good report.

  20. svtlightning300

    March 16, 2019 at 9:14 pm

    We have so many branches of law enforcement, perhaps one we need to increase 2 fold is the securities and exchange comission!! But thats only if their honest. Their probably in on the racket too!! They Just turn a blind eye!

  21. Joseph Inhiding

    March 16, 2019 at 9:14 pm

    Been watching you more and more often. Generally a great show! I hope you can keep it up.

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